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Copper: Rio Tinto and Mongolia settle dispute over Oyu Tolgoi mine
Rio Tinto Plc and the Mongolian government have reached an agreement to end a long-running dispute over the $6.93 billion expansion of the Oyu Tolgoi copper-gold mining project. The agreement marks a positive development for the Anglo-Australian mining giant, which...
Aluminium: Hydro Energi enters into a contract with Hafslund Eco Vannkraft AS for the supply of energy
According to a recent report, Hydro Energi AS, part of the power generation, transmission and distribution industry, has entered into a new long-term power purchase agreement (PPA) with Hafslund Eco Vannkraft AS for a supply of 1300 GWh during 2023-29. The PPA will be...
Copper: price drops ahead of Fed meeting
Copper prices fell on Monday under pressure from risk-off sentiment in global markets. Asian equities also fell as investors prepared for a Federal Reserve meeting at which it is expected to confirm the start of a massive liquidity drain that has supercharged growth...
Steel: Chinese stocks rise marginally on thin demand
Inventories of the five main carbon steel products, including rebar, wire rod, hot-rolled coil, cold-rolled coil, and medium plate began to rise again from Jan. 13 to Jan. 19, after briefly declining the previous week, due to further contraction in domestic demand...